Tags: Bailout + Cabinet Members + China + Japan + Russia + TARP + Treasury
There is widespread agreement among US economists that America needs another massive fiscal stimulus plan. No final conclusions have been reached on whether it will be multi-staged or one giant prolonged spending infusion until growth takes hold again. Democrats, pre-election, had already decided that a significant infrastructure campaign would yield the most benefit because it would both create jobs […]
November 11, 2008 - Economy, Politics - 0 Comments
Tags: Bailout + Banks + Bernanke + BOA + C + Capitalism + Federal Reserve + IMF + JP Morgan + Paulson + Treasury
The world is witnessing the decapitation of American Capitalism. Understand that this is not the indictment of Capitalism as an economic system, nor the socialistic hurray following the defete of market economies, but the affirmation of free market capitalism left un-altered. America democratized Capitalism and made it unstable. It created a hybrid system of Capitalism based […]
October 18, 2008 - Economy, Markets, Politics - 0 Comments
Tags: 2008 Election + Bailout + Fed + Federal Funds + GNMA + Interest Rates + investing + McCain + obama + Palin + Treasury
The financial makets are in turmoil following the $700 billion bailout passed by the US Congress. What happened is that the frank reality of the bailout debate raised the level of awareness about the actual size of the financial system’s problem and indeed raised questions about the amount necessary to fix it– for example, no mention was ever made of the Government […]
October 7, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Bank Bailout + Congress + Emergency Bailout + FDIC + Treasury + Wall Street Bailout
Wouldn’t you think that in all the hearings before Congress somehow we would hear mention of the Government National Mortgage Association (GNMA), the mortgage behemoth that is a direct obligation of the US Government? After all GNMA guarantees only moderate income and Sub-prime loans and these are the mortgages with the highest loan default rates. […]
October 2, 2008 - Economy, Politics - 0 Comments
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